BIMCO Adopts Time Charter Party to Target Emerging CO2 Trade
BIMCO’s Documentary Committee has adopted a new time charter party which has been developed specifically for the maritime transport of liquefied carbon dioxide (LCO₂). The form, CO2TIME 2026, responds to the rapid development of carbon capture, utilization and storage (CCUS) projects and the need for a standardized contractual framework for maritime transport.CO2TIME 2026 is the first time charter party designed specifically for the carriage of liquefied CO₂.
Royal Caribbean Cruise Slash Annual Profit Forecast as Fuel Costs Surge
Royal Caribbean cut its annual earnings forecast on Thursday, even after reporting a better-than-expected quarterly profit, as surging fuel costs linked to the Iran war weighed on the cruise operator.Still, its shares jumped 6% as demand for its vacation destinations remained resilient. Bookings for high-margin Mediterranean itineraries, which had softened due to geopolitical tensions, have now rebounded and are running at a higher pace than the same time last year…
Russian-Stolen Grain Vessel Stolen Will Not Unload in Israel
A vessel carrying grain that Ukraine says was stolen from areas occupied by Russia will not unload in Israel, Ukraine said on Thursday, after Kyiv requested Israel to seize the cargo.Ukraine's prosecutor general, Ruslan Kravchenko, said on the Telegram app that the vessel, Panormitis, left Israel's territorial waters and departed into neutral waters following "a range of procedural measures taken by…
Iran Threatens Painful Retaliation if US Renews Attacks
Iran said on Thursday it would respond with "long and painful strikes" on U.S. positions if Washington renewed attacks, and also reasserted its control over the Strait of Hormuz, complicating U.S. plans for a coalition to reopen the waterway.Two months into the U.S.-Israeli war with Iran, the vital sea channel remains closed, choking off 20% of the world's oil and gas supplies. That has sent global…
Online Oceans Raises $5m for Maritime Defense Autonomous Surface Fleets
Online Oceans, a UK company building autonomous surface vessels and fleet software for defense and maritime security, has raised USD$5.4 million (£4 million) in funding led by Seraphim Space. The round also includes participation from investors, including Peter Rive, co-founder of SolarCity, Frank Thieser and Florian Seibel, founders of Quantum Systems, and Koro Capital.At the center of the company’s offering is Scout…
ChartWorld, Raymarine Commercial Unify Under Single Brand
Teledyne Technologies Incorporated announced the unification of ChartWorld and Raymarine Commercial under a single commercial navigation brand, Raymarine Commercial. As part of the unification, ChartWorld’s commercial navigation solutions and services will transition fully into the Raymarine Commercial brand, further strengthening Teledyne’s position as a global leader in maritime navigation solutions…
Wreckage of USCG Cutter Tampa Discovered Off Cornwall, United Kingdom
The wreckage of the Coast Guard Cutter Tampa has been located and confirmed by the British technical-diving team Gasperados. The site lies approximately 50 miles off Newquay, Cornwall, United Kingdom, at a depth exceeding 300 feet deep in the Atlantic Ocean.Tampa was lost in 1918 during World War I after being torpedoed by a German submarine in the Bristol Channel. The vessel sank in less than three minutes, resulting in the death of all 131 people aboard—111 Coast Guardsmen, four U.S.
TenneT Set to Start Beach Directional Drilling for Offshore Wind Farm Links
Dutch grid operator TenneT is preparing to begin horizontal directional drilling at Maasvlakte as part of efforts to connect three offshore wind farms to the onshore grid.Steel casing pipes have been installed at three beach work sites, allowing drilling beneath the beach and seabed to begin, weather permitting.The drilling will be carried out in three stages, starting with a pilot bore from the beach towards the sea…
New Order for Zero-emission Passenger Vessel
A new all-electric passenger vessel is set to enter service in western Norway, as newly formed operator Cityboat has placed an order for a zero-emission shuttle from Hyke to support tourism and local transport around Haugesund’s island network.Cityboat — a joint venture between express boat operator Rødne and local tourism firm Viking Adventure — has selected the 15-meter Hyke F-15 Shuttle, with delivery scheduled for late 2026.
bound4blue Installs Wind Propulsion System on Maersk's Tanker
Wind propulsion specialist bound4blue has completed the second installation of its suction sail system for Maersk Tankers, fitting four 24-meter eSAIL units on the Maersk Tahiti at a shipyard in China.The installation forms part of a broader agreement to equip five medium-range tankers with a total of 20 units, the company’s largest single contract to date.The Maersk Tahiti installation follows the completion of the first system onboard the Maersk Trieste earlier in 2026.According to bound4blue…
Norwind Offshore Doubles Fleet with Six CSOVs from Edda Wind
Norwind Offshore has doubled its fleet through the acquisition of six commissioning service operation (CSOV) vessels from Edda Wind.The transaction was completed in partnership with Navigare Capital Partners, the company said.The vessels have either recently been delivered or are in the final stages of delivery and are designed for offshore wind operations, featuring Vard 4 25 and SALT 0217 designs.“This transaction marks a significant step forward for Norwind Offshore.
Israel Seizes Gaza-Bound Aid Ships in International Waters
Israel has intercepted aid ships bound for Gaza in international waters near Greece, flotilla organisers said on Thursday, decrying the move as an "escalation of Israel's impunity".A second flotilla carrying humanitarian aid to Palestinians in Gaza sailed from the Spanish port of Barcelona on April 12, aiming to try to break the Israeli blockade.The vessels were seized by Israel hundreds of miles from Gaza…
Cal Poly Maritime Academy Celebrates Class of 2026
Cal Poly Maritime Academy (formerly the CSU Maritime Academy) will award 150 bachelor’s degrees and 20 master’s degrees at its commencement ceremony Saturday, May 2, at Bodnar Field.The university will also award an Honorary Doctor of Science degree to Capt. Kate McCue, who graduated in 2000 with a bachelor’s degree in business administration and is the inaugural captain of Four Seasons. McCue is an internationally recognized maritime leader whose career spans nearly three decades at sea.
EU Matches Hydrogen Offtakers to Potential Projects
The European Commission has successfully closed the first round of activities of the Hydrogen Mechanism operated under the EU Energy and Raw Materials Platform. Market participants currently developing hydrogen projects (on both supply and demand side) responded with high engagement, showing great appetite for this new initiative and the development of the hydrogen market.During this first round, the…
U.S. Coast Guard Suspends Search for Saipan Crew
The Coast Guard suspended its search for the missing crew members of the cargo vessel Mariana at 10:35 p.m. Tuesday. Missing are five crew members of the cargo vessel Mariana, which reportedly experienced a disabled engine approximately 140 miles northwest of Saipan on April 15.The six crew members aboard the Mariana at the time of the incident were Frederick L. Nosek Jr., Landon Delos Reyes, Jose L. Ramirez, Mohammed A. Rahaman, Chet R. Brochon, and Vincent B. Agulto. U.S.
Russia Adds Four LNG Carriers to Fleet
Russia has added four LNG carriers to its fleet, LSEG ship-tracking data and the Russian ship register showed on Wednesday, which could help the country to increase its market share ahead of an EU ban on Russian gas imports.The European Union in January gave its final approval to a ban on Russian gas imports by late 2027.The bloc has also imposed sanctions on Russia in response to its war on Ukraine.
Trump Discusses Prolonged Blockade, Urges Iran to Sign Deal
Donald Trump discussed how to mitigate the impact of a possible months-long U.S. blockade of Iran's ports with U.S. oil companies, a White House official said on Wednesday, as the U.S. president urged Tehran to 'get smart soon' and sign a deal.The talks with oil executives on Tuesday followed days of deadlock in efforts to resolve the conflict, which has led the U.S. to try to squeeze Iran's oil exports with a naval blockade to try to force it to reopen the Strait of Hormuz to shipping.Trump…
Fincantieri, KAYO Collaborate to Strengthen Albanian Navy
Italian shipbuilder Fincantieri and Albania's KAYO have set up a joint venture to build and maintain vessels in Albania, which is seeking to modernise its military infrastructure and deepen its NATO ties.The two sides signed a deal in the presence of the Albanian prime minister and defence minister, as well as the CEOs of Fincantieri and KAYO, according to a government and company statement.Albania…
TotalEnergies Pauses Middle East Production Until Hormuz Transit Stabilizes
TotalEnergies will not resume Middle East production until shipping transit through the Strait of Hormuz has stabilised, its CEO said on Wednesday.About 15% of Total's upstream oil and gas production is offline because it is unable to ship cargoes through the Strait of Hormuz as the Iran war continues, though resulting higher oil prices and increased output in other regions have offset the company's Middle East losses.The French oil major has nine tankers stuck in the strait…
Ukraine Strikes Russian Oil Pumping Station
Ukraine struck what it said was an oil pumping station 1,500 km (900 miles) into Russia near the Ural Mountains with drones overnight, and President Volodymyr Zelenskiy said Kyiv would keep increasing the range of its strikes.Kyiv has stepped up its attacks inside Russia in recent weeks, aiming to knock out oil refineries, depots and ports and cripple Moscow's biggest source of funding for its war in Ukraine…
